DY "High Handle" Setup
I like to trade this type of setup. It's a high handle where instead of putting in a handle below the recent highs, the stock puts in the handle just above the recent highs. I traded a similar look in AMTX recently. DY had a successful breakout from a very similar look back in August. The chart shows demand pushing prices higher and ignoring typical levels of resistance. From a psychological perspective it is very bullish. Long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.